The Portland daily press., 1887-03-22
FIHAACIAL And COMMERCIAL.
STATE OF TRADE.

(From Bradstreet's Of Saturday ,Mch 12)
Special kilograms to Bradstreets from leading
trade centers report the total volume of general
merchandise distributed in excess of last week
The greater increases were from Portland, Me.
Philadelphia, Detroit, Chicago, st. Louis Bur,
lngton, Iowa, Kansas City, New Orleans and
and Memphis. The weather exercised a favora-
bic influence at the west and south. where crop
prospects have improved; this has stimulated the
demand on Kansas City, st. Louis and New Or
leans from the interior for food staples.
As exclusively announced in Bradstreet's last
week. cut-rates by rail from Chicago together
with the recalling of existing rail freight con-
tracts, to take effect early In April, stimulated
shipments for nearly wants on the general i'm
preston that after the Interstate Commerce law
goes into effect rates will be higher. With the
publication of east-bound traffic returns this week
this announcement was verified. Special ship
ments continue to be rushed for these reasons.
but orders for future delivery are checked, ewing
to inability to secure rate to take effect after
April 5. Transatlantic steamship lines have felt
this as well, and the throughput of-ading bust
ness for forward movement has been curtailed
In consequence. Iron, steel, -four and dry goods
are known to have felt this influence.
Labor troubles continue to decline but G, 400
industrial employees having struck thus far in
March, against IS, 900 in the first half of Febru-
AIRY. The strike at Paterson, that threatened at
Cohoes, and limitations of a renewal of the short
hour strikes within sixty days, tend to unsettle
confidence in the industrial situation.
The total bank cearngs from thirty-six cities
for the week ended yesterday aggregate $685.
1862. against 81 ,oo2 73s, 726 last week, loss
of S9,6o0,0o0, or ] per cent, and as compared
with 1891, o9l ,e94 last year. During February
100 railroads, with 90, sl6 mileage, report $780,
s97 900 gross earnings gain of Sl,7oO, 900
over February, 1886, or 71s per cent. Domestic
money markets are generally nrmer. Mercantile
collections are irregular.
The Chicago pork deal has stifed trading in
that product while the May option has ruled firm
at about S21 D Dbl.
ESpring sowing OF grain has begun in some por-
tons of the northwest though it is not likely to
become general fore two weeks or MORE Brad
streets estimates 100000 bblsels available
for export from the United States from March
to July ], with 25,7oo,Ooo bushels probable re-
quirements from Atlantic ports by The United
Kingdom within that period
Pig iron is dun east and west. Old rails are
Sl.5o lower, and steel rails are 81 D ton below
highest recent quotations. Demand continues
full, and shipments ON old contracts are heavy.
New business is slack. Sugar is steady. Stocks
are.declining abroad, where the yield promises,to
decrease also.
The reports of failures TO Bradstreet's are as
follows;
week. week 1885 1856. 1884 sS3
In United States, 200 202 209 $50 1856 233
In Canada, 81 so 80 3G 80 ~
january l TO March a.
1887. 1886. 1885. 1884. 1882
mus 2,736 2.945 1888 1873 2766
InCanada, 302 3l2 $40 499 3e1
Portland Daily Press stock List.
Corrected by SWAN & BARRETT, Bankers and